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Best one this month

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Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Multi Family Call bank can't find this adress in data banks adress could be different very common here however it doesn't show borrower owning anything. Loan Officers answer (NO LIE)Well try these two names he also uses these. (they're gonna loan one of these names money) Finally find the Multi Family it is 3 units the whole building measures 26 X 39 3 kitchens 3 rooms with a big mattress 3 baths Each unit is 26 x 13. Turn in my bill for research & Inspection & get bike out & ride rest of the day.
 

jtrotta

Senior Member
Joined
Jan 16, 2002
Karl

Castle's ta Cottages - thats the ticket :D , like the bike riding scenerio :?:

8)
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
8 inches of fresh snow; 15 degrees.

Bike stays in the garage.

Hi Ho Snowshoes........Away...............!
 
A

Anonymous

Guest
I have seen units of this size sell for in excess of $50,000, however these were in a seashore resort. What is the rent roll like?
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Rent is 325 month "section 8" Eloy AZ versus Seashore We do have an Appraiser out here that would make that comparable if he needed too. The land is valued at 2,000.
 
A

Anonymous

Guest
I assume that the rent is $325 per unit, if its section 8 it is stable. Can you establish a GRM from other section 8 rentals?
 
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